Please make the response detailed and easy to read and understand, thank you

Sally's Corporation's balance sheet at the end of 2015 included the following items $283,000 $ 181,000 $121,000 $37,000 $145,000 $109,000 Current liabilities Bonds payable Common stock Retained earnings Total $217,000 Current assets Land Building Equipment Accumulated Depreciation, Building Accumulated Depreciation, Equipment Patents Total $53,800 $572,800 -$36,000 $13,200 $48,000 $572,800 The following information is available for 2016 1. Treasury stock was purchased at a cost of $13,200 2. Cash dividends of $36,000 were declared and paid 3. A long-term investment in stock were purchased for $19,200 4. Current assets other than cash increased by $34,800. Current liabilities increased by $15,600 5. Depreciation expense was $4,800 on the building and $10,800 on equipment 6. Net income was $66,000 7. Bonds payable of $60,000 were issued 8. An addition to the building was completed at a cost of $32,400 9. Patent amortization was $3,000 10. Equipment (cost $24,000 and accumulated depreciation was $9,600) was sold for $12,000 Instructions (a) Prepare a statement of cash flows for 2016 using the indirect method (b) Prepare a balance sheet for December 31, 2016